Taxation is generally considered a fundamental aspect of every consumer or business transaction. It is the main source of funding for government expenditure. This major encompasses an in-depth understanding of the core Australian taxation laws, with a particular focus on its application on business transactions and business structures that affect individuals, business and investors.
Some specific or additional units may be required for professional recognition by the Tax Practitioners Board. Refer to the faculty Professional recognitionProfessional recognition (http://www.buseco.monash.edu.au/about/professional-recognition.html) page for more information.
Availability
Taxation is listed in the Bachelor of Business at Caulfield as a major or minor.
Outcomes
In addition to achieving the broad outcomes of their course, students successfully completing this major will be able to:
- appreciate the legal and commercial impacts of taxation and related fields on business decisions with a particular focus on Australia's federal system using case law and statute.
Major requirements (48 points)
No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.
Students complete:
- The following six units (36 points):
- Two units (12 points) from the following list:
Minor requirements (24 points)
Students complete:
- BTF3931 Taxation law
- BTX3350 Business taxation
- BTX3699 Insolvency
- any level 2 or 3 unit with the prefix BTF or BTX offered at the Caulfield campus
Bachelors
Single degrees
Successful completion of the major can be counted towards meeting the requirements for the following single degree:
- B2000 Bachelor of Business
Students in this course can complete the minor using 24 points of their free electives.*
Students in other single bachelor's degrees may be eligible to complete the minor or major by using 24 or 48 points of their free electives.
Double degrees
Successful completion of the major can be counted towards meeting the requirements for the Bachelor of Business component in the following double degrees:
- B2019 Bachelor of Business and Bachelor of Arts
- B2013 Bachelor of Business and Bachelor of Business Specialist
- B2017 Bachelor of Business and Bachelor of Information Technology
- F2004 Bachelor of Design and Bachelor of Business
- D3007 Bachelor of Education (Honours) and Bachelor of Business
- F2007 Bachelor of Fine Art and Bachelor of Business